The Treasury Inspector General for Tax Administration has released an audit addressing the IRS’s compliance with the Digital Accountability and Transparency Act (DATA). The DATA requires federal agencies to disclose direct expenditures and link federal contract, loan and grant spending information to federal agency programs. A review of 86 financial and award data sample transactions found that additional improvements are needed to ensure the overall quality of the data submitted. The data quality issues were primarily attributed to inconsistencies in interpretation of DATA provisions by contracting officers and inadequate quality review processes. Read the audit: https://bit.ly/33SSBHM Visit our website for more information! www.mjscpa.com/
